Lead Payroll

Company Description

Metro Brands Limited (MBL) is one of the largest Indian footwear specialty retailers, known for its aspirational brands in the footwear category. Founded in January 1977, MBL has evolved into a comprehensive footwear retailer, operating 598 stores across 136 cities in India as of September 30. The company's key brands include Metro Shoes, Mochi, and Walkway, each offering a diverse range of products. Metro Brands is known for its strong vendor network, continuous training, and investment in technology, ensuring fresh and trendy designs for customers. With a professional team of over 4,000 employees, MBL emphasizes exceptional service and customer satisfaction.

Role Description

This is a full-time on-site role for a Lead Payroll position located in Mumbai. The Lead Payroll will be responsible for overseeing payroll administration, managing garnishments, ensuring compliance with payroll taxation, and handling payroll processing. The role also involves coordinating payroll services, troubleshooting payroll issues, and ensuring timely and accurate salary disbursements to employees.

Years of Experience : 9-10 Years

Location : Mumbai

Roles & Responsibilities

1. Payroll Processing

• Manage monthly salary processing including inputs, validation, and disbursement.
• Ensure accurate calculation of earnings, deductions, arrears, bonuses, and full & final settlements.
• Coordinate with HR and Finance for timely input closures and approvals.

2. Taxation & TDS Returns

• Calculate and deduct monthly TDS on salaries as per Income Tax regulations.
• Prepare and file quarterly TDS returns (Form 24Q).
• Issue Form 16 to employees within the prescribed timelines.

3. Compliance Management

• Ensure adherence to all statutory requirements including PF, ESIC, PT, LWF, and other applicable labor laws.
• Liaise with external consultants/auditors for statutory audits and inspections.
• Maintain updated records for all statutory filings and challans.

4. Insurance Administration

• Handle end-to-end employee insurance lifecycle addition, deletion, claims coordination, and policy renewal.
• Coordinate with insurance providers for premium quotations, negotiation, and onboarding.

5. Provisions & Reconciliation

• Prepare monthly payroll-related provisions (gratuity, leave encashment, bonus, etc.).
• Reconcile payroll-related accounts with finance including salary payments, statutory deductions, and insurance premiums.
• Ensure accuracy in general ledger mapping and audits. 

Interested candidates can send resumes for ramesh.samant@metrobrands.com